What prevents a policy owner from changing the beneficiary without consent?

The option indicating irrevocable status is correct because when a beneficiary is designated as irrevocable, the policy owner loses the right to change that beneficiary without obtaining consent from them. This designation provides the beneficiary with certain rights and protections, essentially ensuring that they cannot be removed or replaced without their agreement.

In contrast, a revocable beneficiary status allows the policy owner to change the beneficiary at any time without needing approval or consent from the previously designated beneficiary. General consent is not a standard term used in insurance policy language regarding beneficiaries, and life insurance policy limits do not restrict the ability to change beneficiaries. Thus, understanding the implications of irrevocable designation is crucial for policy owners who wish to maintain the current beneficiaries without alteration.